CFI, Mohammed Kari Leave a comment Chuks Udo Okonta Insurance operators have commended the Federal Government for setting up a committee to review the insurance bill. The Director-General Nigerian Insurers Association (NIA) Sunday Thomas, in a telephone interview, with Inspen, said the move is a good development, stressing that the […]
Insurance
FG Constitutes C’ttee to Review Insurance Bill
Mrs. Kemi Adeosun Ndubuisi Francis The federal government has constituted a ten-member committee to review the Insurance (Consolidated) Bill, a move that seeks to make the bill conform with the ideals of contemporary insurance practice. It is also aimed at ensuring an efficient insurance industry in the country. The impending […]
NAICOM to delist 150 more broking firms
Leave a comment Chuks Udo Okonta At a time the dust raised over the delisting of 108 insurance broking firms is still spreading, the National Insurance Commission (NAICOM) is considering delisting 150 more firms, Inspen has learnt. Our source stated that the planned delisting is strictly handled by the commissioner […]
FG To Introduce Death Insurance For Soldiers Fighting Insurgency
Dan-Ali Agency Report Leave a comment The Minister of Defence, retired Brig.-Gen. Mansur Dan-Ali, said on Friday that the Federal Government would introduce insurance package for soldiers fighting insurgency in the North-East. Dan-Ali made the disclosure while briefing newsmen shortly after a Special Juma’at Prayer to mark the 2016 Armed […]
Insurance market in Nigeria will see solid growth this year
Experts are predicting that, regardless of the challenges in the country, the industry will be growing faster. A recent analysis has been published by KPMG and has predicted that the insurance market in Nigeria will see its growth picking up speed despite some of the challenges it has been facing […]
Insurance buyers to use NIN from Sept 1
Leave a comment Chuks Udo Okonta From September 1, this year, the National Identification Number (NIN) would be use in the purchase of insurance policies, Inspen has learnt. The General Manager Legal Services, National Identity Management Commission (NIMC), Mrs Hadiza Dagabana, disclosed this on Saturday, while making some clarifications on […]
Shriram Capital Weighs Sanlam’s Interest in Insurance Business
CHENNAI: Financial services firm Shriram Capital Ltd (SCL) on Tuesday said its South African partner Sanlam’s decision to invest directly in the former’s insurance business will be finalised by April. Currently, Sanlam holds 26 per cent stake in the Rs 70,000-crore SCL, the holding company of Shriram Life Insurance and […]
Woman pleads guilty to burning O.C. homes, cars for insurance money
SANTA ANA – A 41-year-old woman pleaded guilty Wednesday to setting her Orange County homes and car on fire to reap hefty insurance payments. Andrea Michelle Robinson also admitted welfare fraud while not disclosing her income from insurance claims. She was scheduled to be sentenced Jan. 21 for her guilty […]
New York Insurance Agent Couple Charged With Defrauding Clients
New York authorities announced that a Rochester, New York, couple has been charged with defrauding their Rochester insurance agency clients. Gary Gubiotti and Bonnie Gubiotti, both 67, are accused of stealing more than $150,000 from clients by falsely inflating insurance premiums, failing to remit refunds, and forging finance agreements from […]
Insurance mixup leaves retirees without coverage
By Susan Sherring City retirees are crying foul after an insurance switch to a new company has left them in the lurch — some even without coverage. And the seniors are now being forced to pay for prescriptions and hospital services out of their own pockets on their reduced income. […]
